Today we have a question relating to the new 2019 syllabus for F1. The question was: An organisation preparing its financial statements to IFRS must state this in the notes, but can only do so if they are fully compliant with which of the following: This question relates to ‘B: Financial Statements’ and is a … Read more
Today we have a question relating to the new 2019 syllabus for F1. The question was: If an organisation’s Statement of Financial Position was constructed so that Total Liabilities and Equity equalled £12,000,000 What must total assets equal? This question relates to ‘B: Financial Statements’ and is a slightly different version of the question in … Read more
Today we have a question relating to the new 2019 syllabus for F1. The question was: An organisation generated total revenue of £100,000,000 with cost of goods of £75,000,000. It also incurred selling expenses of £7,000,000 and administrative expenses of £6,000,000. Along with a gain on the sale of an investment of £3,000,000 and a … Read more
Today we have a question relating to the new 2019 syllabus for F1. The question was: The IASB has identified seven principles of effective communication, stating that information contained within financial statements. Which one of the following is not one of the seven principles? This question relates to ‘B: Financial Statements’ and is a … Read more
Today we have a question relating to the new 2019 syllabus for F1. The question was: Regulation of financial information caters for all but one of the following common requirements? Which one is not catered for? This question relates to ‘A: Regulatory information and financial reporting’ and is a slightly different version of the question … Read more